Annual report pursuant to Section 13 and 15(d)

5. License Agreement (Details Narrative)

v3.7.0.1
5. License Agreement (Details Narrative) - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2009
Jan. 15, 2009
Royalty expense $ 1,022,380      
Estimated useful life of patents 17 years      
Amortization expense charged to cost and expenses $ 5,880 $ 5,882    
Estimated amortization cost for next five years 5,900      
License maintenance fees $ 25,000      
Running royalties description

The running royalties are $100 per one megawatt of electronic nameplate capacity and $100 per three megawatt per hour for the application to thermal systems to which licensed products or licensed processes are sold by the Company, associate and sublicensees.

      
Sublicense income payment description The Company is required to pay EERCF 35% of all sublicense income received by the Company, excluding royalties on sales by sublicensees. Sublicense income is payable by the Company within 30 day after the end of each calendar year to the licensor. This requirement ends at the time the Company pays for the assignment of the patents.      
Term of running royalties 30 days      
Term of sublicense income 30 days      
EERCF [Member]        
Royalty expense $ 722,380      
License costs     $ 100,000  
Issue of shares       875,000
Payable at option       $ 2,500,000